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Shares Rise for Reston, Va.-Based Local Telephone Service Provider.

By Tim Lemke, The Washington Times Knight Ridder/Tribune Business News

Jul. 8--Shares of Talk America Holdings Inc. climbed yesterday after the company announced it would exceed earnings estimates for the second ...uarter.

The Reston provider of local telephone service said revenue would be more than the $88 million to $91 million it anticipated, and said net income would be more than $7 million, after estimates of $5 million to $7 million.

It also said it paid down about $22.2 million in debt during the ...uarter.

Shares rose $1.1

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